I would definitely acquire more before I started accelerating,  especially if fixed rate resi loans in the 4s.I heard and liked the idea of getting 5 houses, or 8 like All says, first. 

This is part of the cost to acquire.

I haven't determined my price point yet as I'm still researching hard money lending and DSCR loan products. 

I just acquired one from a PM where they were charging a tenant a resident benefit package and a building protection plan.  

@Dennis KnappJ Scotts book on estimating rehab costs is a great start. https://store.biggerpockets.com/products/the-book-on-estimat...Here is a "general" rule of thumb for my market in Jacksonville, FL.

b) Did the seller acquire the property through probate?

I work with a lot of investors in the Sherman/Denison area to acquire properties.

Most of them that are successful like a Tony Robbins etc they make HUGE Money Millions upon Millions with their training and backing certain products..

@Rene Hosman Generally, Reasons for Land Swaps are to: - Resolving zoning conflicts - Acquiring strategically important properties - Consolidating land holdings - Avoiding costly legal battles - Achieving public policy goalsWhen I was a Planning Commissioner projects would discuss land swaps for larger development projects to make sure the community impact was greater (typically gaining conservation land for us) than just allowing a rezone to be approved without public benefit.

I can assure you that the more you learn regarding these products, the easier it is to help all of your clients.